Group 1 - The core viewpoint of the news is the performance and market position of the AI company Zhipu (02513.HK) during its IPO, highlighting its significant subscription rate and initial stock price movement [2][3] - Zhipu's shares opened over 3% higher and reached a peak increase of 7.31%, with the current stock price at 124.7 HKD, indicating a relatively subdued debut compared to other tech IPOs [2] - During the public offering phase, Zhipu received a subscription rate of 1159.46 times, with 748,390 shares allocated to the public, representing about 20% of the total shares offered [2] Group 2 - The IPO price for Zhipu was set at 116.20 HKD per share, and based on the latest stock price, investors could earn 850 HKD per lot (100 shares) before fees [3] - Zhipu is recognized as a leading AI company in China, focusing on the development of general large models, and has launched the GLM framework and a model-as-a-service (MaaS) platform [3] - As of June 30, 2025, Zhipu's models are expected to support over 8,000 institutional clients and approximately 80 million devices, indicating a strong market presence [3] - According to Frost & Sullivan, Zhipu ranks first among independent general large model developers in China and second overall, with a market share of 6.6% based on projected 2024 revenue [3] - Zhipu's revenue growth from 2022 to the first half of 2025 shows significant increases, with revenues of 57.41 million, 125 million, 312 million, and 191 million RMB respectively, although the company has also reported substantial adjusted losses during the same period [3]
【IPO追踪】AI大模型企业来了！智谱首日迎上涨